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FOX Business
Dec 12, 2012 1:00pm EST
are not are off of that level. american express leading the way. >> no deal to avoid the fiscal cliff, john boehner keeping the dialogue going and even trading new proposals but not stopping them from calling each other out. rich edson is in washington. >> that usually stops or pauses at the very least when there is progress. democrats and republicans have been stuck for weeks. the white house reduced its offer on tax increases for $1.6 trillion to $1.4 trillion including a willingness to begin corporate tax reform. republicans santa white house has to embrace significant spending cuts. >> during our budget we had no new revenue. look at the president's but he has $1.6 trillion worth of new revenue in his budget. we have been reasonable, responsible in our approach to this and we will continue to do that. time for the president to do his part. >> democrats say republicans have secured a one trillion dollars in spending cuts, part of last year's the deal and it is time to tax the wealthy. >> it is like a charlie brown cartoon. how many times, how many times is charlie brown going to try to k
FOX Business
Dec 7, 2012 1:00pm EST
. interesting. fiscal cliff talk. john boehner says he is waiting for a counter offer from the white house. adam: wall street feers gauge barely pausing. our traders, are they not worried about going over the fiscal cliff quirks we are headed to the for the new york stock exchange next. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink thecore . what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfo find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, crges and expenses. read and conder it carefully before investing. ri includes possible loss of principal. adam: the state of nevada has gambling up. dollars. slot machines are up a whopping 11%. it is a big-time for casino operators to. they lower the cost of financing their debt. melissa: will get that across the board. this is one of those times -- you were supposed to be my boat party. but you one money. [t
CNBC
Dec 11, 2012 3:00pm EST
appreciate it. where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the status of the talks in negotiation beyond the fact that they took place. the support trying to hammer republicans publicly. he's got the high side public opinion on this. traveled to michigan yesterday. john boehner went on the floor and said i need to see their spending cuts. that's what's going on in the public level. privately staff are working together and the fundamentals remain in place for a deal. don't know if it's before or after christmas or before new years or just after it, but i believe will happen. >> all the vacations are planned, right? >> we've reached one of the weirdest da
CNBC
Dec 6, 2012 4:00pm EST
to you guys. >> all right. thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indicat
CNBC
Dec 5, 2012 4:00am EST
hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped
FOX Business
Dec 10, 2012 4:00pm EST
on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but over the fiscal cliff for sure in december. liz: the fed, the fed, the fed. they're not going to do anything, but they might announce some sort of easing that is what we constantly talk about and wonder because that has been the trade. with it had a decent rally, the market up double digits the past year and
CNBC
Dec 10, 2012 4:00am EST
john boehner sit down over the weekend with just weeks to go over the fiscal cliff. >>> take a look at european trade this morning. ftse mib is leading the way down, down 3.37% at the moment. so continuing to slowly build on those losses. we have seen a couple of italian banks halted after being downgraded 5%. somewhat smaller losses across the rest of the bourses. the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result. italian shares are trading lower. banks stocks particularly hard hit on the back of political uncertainty generated by mario monte's position to resign from his post as prime minister. his departure is likely to lead to an early election in february. monte's predecessor has announced his attention intengz to return to office. sylvia berlusconi says he'll seek a fifth term as italian premier. carolin is following this situation from rome. how likely is it that we see berlusconi return to politics next year? >> kelly, you know what? it's pretty
FOX Business
Dec 11, 2012 11:00am EST
away from tree to be event, up 109 points. john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straight weeks of gains to new recent highs. looking at 13,300 on the dow jones industrial, that is good and the s&p 500 calm, holding above the 1400 mark. they were worried when we were breaking down below and we are continuing the trend to the upside. one of the reasons is europe, europe has been a break out and
CNBC
Dec 7, 2012 1:00pm EST
with those comments just 24 days to go until america confronts the fiscal cliff. house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of
CNN
Dec 7, 2012 2:00am PST
men left standing between all of us and the fiscal cliff. in 25 days america goes over the edge. that's when severe tax hikes and cuts in spending begin. according to the "new york times," john boehner has asked democratic leaders to step aside so he and the president can attempt to negotiate a deal one-on-one and no one is objecting. paul steinhauser is live from washington. paul, you got some new polling for us. what do americans want to see in a deal? >> it's interesting what they want to see and what they don't want to see. one of the biggest sticking points between democrats and republicans over averting the fiscal cliff is raising taxes on those making over $250,000 a year. look at this from quinnipiac university, the question was asked are you okay with that? 65% say they support such a move to avert the fiscal cliff. this is the third poll over the last two weeks to show the same thing, that most americans are okay with raising those taxes on incomes over $250,000 a year. go to the next screen, there's a partisan divide here. this explains why most republicans are dead set aga
CNBC
Dec 11, 2012 1:00pm EST
. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat price we a
CNBC
Dec 10, 2012 9:00am EST
fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is entitlement changes. >> and that may be what john boehner and president obama are discussing yesterday, and in the days to come. because, speaker boehner needs some concessions from the pre
FOX
Dec 12, 2012 7:00am PST
a private phone conversation he had with president obama last night about that fiscal cliff situation. >> there were some offers that were exchanged back and forth yesterday. you know, the president and i had a pretty frank conversation about just how far apart we are. >> now, coming up for you at 7:45, political analysts jamie dupree will tell us about the two words we are not hearing in the fiscal cliff negotiations. >>> 7:36. software company founder john mcafee could soon return to the united states. his attorney says a guatemala judge has ruled that mcafee adetention in that country is illegal and he could be released as soon as today. mcafee was detained in guatemala last week after entering the country illegally to avoid police in belize who wanted to question mack afy about the fatal shooting of his neighbor. mca -- mcafee has said he wishes to return to the u.s. so he can live in peace. >>> continuing coverage on the shooting in portland, oregon. here's more. >> reporter: good morning, tori. the mall here is closed at this point while police continue their investigation and w
FOX Business
Dec 5, 2012 7:00pm EST
, and ten year treasury down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to
CNBC
Dec 11, 2012 4:00pm EST
.com/pricerewind. >>> welcome back. we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly where that revenue comes fr
CNBC
Dec 10, 2012 1:00pm EST
. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that pres
CNBC
Dec 7, 2012 4:00pm EST
. have a great weekend as well. see you mondays. >>> house speaker john boehner says fiscal cliff talks remain stuck in neutral. >> the president insist on his position. insist on my way or the highway. >> well, going over that highway and the fiscal cliff would kill thousands of jobs, especially in the defense sector and the head of a defense contractor who will feel that pain joins us next along with former vermont governor howard dean who argues maybe going over the fiscal cliff will be the best thing for the nation. >>> later, we have the former chairman of the council of economic advisers under president bush. he's going to join us as well as laura tyson, the former head of the cea under president clinton. we're going to get their take on the cliff and today's jobs number. >>> also, tough week for apple shares. is now the time to load up? stick around for the apple trade in the back half of this hour. stay tuned. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ]
FOX Business
Dec 12, 2012 11:00am EST
disapprove of how house speaker john boehner is handling the fiscal cliff talks. dennis: this as the speaker himself came out this morning saying there's a lot of work to do. rich edson is in washington d.c. bureau. what is the very latest? rich: in a republican congressman with knowledge of the talks as the two side are farther apart than they were last summer when debt talks between president obama and john boehner fell apart. republicans and democrats have new debt proposals on the table. the speaker says there are still serious differences. >> the president is calling for $1.4 trillion -- that cannot pass the house or the senate. >> force is a question of balance. we are willing to make sure everyone in america sacrifices a little. even those who have been struggling. liz: congress is running out of time to get this wrapped for christmas. the speaker would have to cover significant ground giving congress the week it needs to write, sell land pass any deal next week. aides say they are not close to a compromise. house majority leader eric cantor says republicans are prepared to work on th
CNBC
Dec 5, 2012 1:00pm EST
be apple. >>> to washington now. the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed back loam to their hometown districts. a lot of folks focused on this negotiation right now but the reality is that the negotiations are taking place among just a very few, very high level people. i was talking to a few rank and file members yesterday who said they were frustrated there is not a whole lot for them to do, they are just sitting around here waiting for some break-through in these negotiations. they want something to do on the floor, in their offices and there is not much for them to sink their teeth into. now they're going into their district. leadership is going to stay here and continu
FOX Business
Dec 11, 2012 3:00pm EST
the fiscal cliff negotiations. what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest way to cut spending. fox business exclusive and in this our whole host of leaders in business talking about what specific they want to see. in terms of individual standouts. apple right now about 2% to the upside. some excitement over the iphone 5. how is this for a order in china. brenda marshall says china unicom has more than 300,000 people on the waiting list. nicole petallides with talk about this earlier, but that is enough to boost the stock. sales in china friday, can you imagine the lines? sec don't airlines is soaring. up nearly 6%. delta says they will buy 49
CNN
Dec 12, 2012 2:00am PST
lines are open. more fiscal cliff talks between president obama and house speaker john boehner. what could this mean for the deadline as it approaches? the story, coming up. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. [ male announcer ] to learn
FOX Business
Dec 7, 2012 11:00am EST
from that. buying a casino in atlantic city, we will see what happens. dennis: more fiscal cliff rhetoric from house speaker john boehner and president obama. when are they going to get serious? cheryl: look at live pictures of the original backmobile. we will have the designer and a man who will auction this baby off. dennis: look at today's s&p winners and losers. there is no mass-produced human. every human being is unique. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing being. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allowyou to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collectio individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized.
CNBC
Dec 12, 2012 1:00pm EST
won't want to miss it. >>> still a stalemate over the fiscal cliff on capitol hill. house speaker baner making comments earlier. meanwhile, a new poll out today on the cliff, economy and our leaders in washington. john harwood live at the wlous with more on that, john, over to you. >> reporter: sue, we will have full details tonight after 6:30 p.m. but for now, we've got one early release question which the results will not come as a surprise to anybody on our network because the desire by the public for law makers in washington to make a deal is very strong. when we ask people, do you want both sides to compromise on their positions, even if that means cuts in social security and higher taxes, or do you want them to stick to their position, 65% of the american people say they want both parties to compromise only 28% say stick to your positions. that is very consistent with the desire on wall street. and it is on main street as well, to get something done. and as you mentioned, sue, there has not been much external signs of a deal. though we did have an exchange of offers and that
FOX Business
Dec 7, 2012 4:00pm EST
failed on that rally and shot up 1421 and sttrted to back off. the fiscal cliff is hanging on the market. as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop. phil: we have come down to that range several times over the last few weeks and that is when you had highest level supply out there and you didn't really have much geopolitical risk. we start to come back to that mode so we will scale back to that level before things heat up in the middle east and we have supply crunches due to the cold weather ahead of us. >> next week we have the final fit meeting of the year. the jobs report and everything we have been seeing. phil: we will see the fed continue
CNBC
Dec 11, 2012 9:00am EST
you, guys. >> earlier this hour, you heard democratic senator mark warner's take on the fiscal cliff. now republican senator john barraso is coming up. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. halls of congress all day today as part of our mission critical coverage. this morning chairman kent conrad sat down with becky quick and jim cramer. let's hear what he had to say about reaching a deal. >> we are on the cusp of having the possibility of doing the big d
CNBC
Dec 5, 2012 4:00pm EST
interview you just saw move the needle in terms of the fiscal cliff being any closer to a deal? chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was further confirmation of the fundamental outlines in the administration's strategy. one, rates have to go up. they're trying to break republicans on the issues of rates. although, they're not insisting that rates go all the way up to 39.6. you could see something in between. the second thing is they're taking a very hard line on the debt limit. the president said in remarks today to the business round table he has some cover from business on that because they don't want to see that limit that could be damaging to the u.s. credit raiting. the combination of those two things are the fundamental levers the administration is going to try to use to force republicans to compromise. then the compromising from the administration will come on the issues of entitlements, medicare, social security is, and medicaid. >> all right, jauohn. thank you so much.
CNBC
Dec 10, 2012 6:00am EST
our guest host, senator john thune. he is with us for the hour to talk about the fiscal cliff. talk about jobs. and a lot more. we're also going to speak to the president of telemundo media. emilio row mano. we're going to convene an economic summit to tackle america's debt crisis and outline growth scenarios for 2013. in addition to solving our budget problems and the fiscal cliff, we're also going to figure out how it affects the hotel industry with starwood's hotel ceo frits van paaschen who will join us on set. first, though, is that mcdonald's? >> yeah, mcdonald's blew expectations out of the water. this is the opposite 6 the report that we got last time. >> the exact opposite? >> yeah, the exact opposite. they beat on every level. in their global comps, they came up 2.4%. street was looking for down 0.1%. >> what? >> in the u.s. they were up 2.5% versus the down 0.8% that the street was expecting. in europe they were up by 1.4%. street was looking for up by 0.1%. and in asia pacific, middle east and africa they were up by 0.6% versus the drop of 0.4%. now, digging through this
FOX Business
Dec 5, 2012 11:00am EST
. dennis: president obama pushing the fiscal cliff to the business leaders. cheryl: speaker john boehner is getting an earful saying he is caving. rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the house inviting him over for a phone call, the white house hasn't responded to that question. coming down to two objects. >> if all you're relying on his closing exceptions and loopholes. let me amend that. it is not wise to do as a practical matter. >> they will come from guess who. the rich. there are ways to limit the options, close the polls and have them pay more of their money to the federal government without raising tax rates. >> that seems to be the key to this entire fiscal cliff mess. president obama saying the roundtable was struck by ceo's willingness to pay higher taxes and patriotic duty
CNBC
Dec 12, 2012 9:00am EST
speaker john boehner who is making an announcement on the fiscal cliff right now. >> his promise to bring a balanced approach is mainly tax hikes. and does not solve our debt crisis, it increases spending. our plan meets these standards, cuts spending and paves the way for real job growth in our country. in the five weeks since we've signaled our willingness to forge an agreement with the president, he's never put forth a plan that meets these standards. and frankly, it's why we don't have an agreement today. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rate increases, and nothing about spending. and we insist, say, look, mr. president, let's talk about a balanced plan, but where are your specifics on the spending cuts? even his own advisers say that any kind of
CNBC
Dec 7, 2012 4:00am EST
a near week long silence as the fiscal cliff looms. they promise to renew the negotiations. and are you earning $250,000, worried about having to pay more tax? you may be able to earn up to $300,000 and not have to hand over more cash to the irs. head to cnbc.com for more. and victor hugo's classic thofl about life, love and hitting the big screen. carolyn went to speak to the stars of the film to find out why the classic story still resonates. ♪ >> i think human truths are human truths and there's also a certain cycle to the world. >> just a look at the world and humanity, and we'll always be moved by a passion for fighting for what we believe in, we've always been moved by love. >> the power of redemption are all themes that transcend time. >> les mis has been performed 10,000 times and seen by 16 people worldwide. and now it's a major motion picture featuring hugh jackman and anne hathaway. so what does it take to transform wolverine and cat woman into the iconic characters. >> i wore contact lenses to get the redness in the eyes. i spent time in a prison here in london just to tal
FOX
Dec 11, 2012 7:00am PST
. and in just about 15 minutes, democrats will be speaking out about the fiscal cliff saying medicaid should not be subject to cuts. in the past 48 hours since president obama and john boehner met face to face, no details on the discussions have -- have been released. the president said he's willing to compromise but maintains his stance on tax increases for the wealthy. >> we ask the wealthiest americans to pay 2%. i won't comhe promice on -- compromise on that >> reporter: and then an official came on tv and said they could save money by making tax cuts to the food stamp program. >>> aig is selling off most of its profit and the government will end up with a profit of $22 billion, to many people's surprise. aig was rescued in 2008 just before it had to file for bankruptcy. now aig executives say the company may be able to pay a dividends to the shareholders by next summer. >>> we're learning about an up expected new fee that's part of the reforms. it's a temporary $63 per person fee designed to help pay for people with preexisting conditions. it will hit health plans affecting 9 0 million
CNBC
Dec 6, 2012 9:00am EST
and republicans if we go over the fiscal cliff at the end of the month. john harwood is live, good morning. >> good morning, we're tracking what pressure exists from the public from voters on members of congress on the administration for resolving the fiscal cliff and there are a couple of findings i want to run through. first of all there is more public pressure on republicans to compromise than on democrats. if you look at the results of the survey, 20% of americans say the message of the election was that republicans need to compromise with the president. 9% said that the message was that president obama needs to compromise and the plurality, 44% said both ought to compromise. those results aren't so surprising because president obama won the election but if you look at the number who would be to blame if we don't get a deal, you see 21% blame the president and democrats in congress, 23% blame republicans, pretty even, 52% says they blame both of them. some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any tim
FOX Business
Dec 12, 2012 4:00pm EST
. house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official claims a concession would open a pathway to a deal, however republicans and democrats are still hundreds of billions of dollars apart on how large of a tax increase congress should pass and how much spending it should cut. thank you. david: this time their representatives of utility companies saying tax hikes, find out which ones could kill the stocks. find out why would we talk to two of the ceos live from d.c. liz: and look at the two pretty significant and historic
NBC
Dec 6, 2012 6:00am EST
for troops and their families. >>> this morning, signs that there may actually be movement on the fiscal cliff talks. kayla is live with that. >> reporter: a little bit of movement potentially. president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple
PBS
Dec 7, 2012 4:30pm PST
it meets next week. erika miller, "n.b.r.," new york. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the e
CNBC
Dec 10, 2012 5:00pm EST
on sunday to discuss the impending fiscal cliff. neither offered details about the discussion, but both said the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the center with the comments over the weekend from senator corker and this morning, letting the tax rates go higher so
CNBC
Dec 7, 2012 3:00pm EST
that was wasted in the fiscal cliff discussions, but the market sure isn't trading that way. how come? >> good question. with us today is david darst. what do you reckon, david? how come? >> i think you got the four cs. you got consumer confidence. you've got the china situation looking a little better. you've got consumer credit looking better, mandy. finally, take liberty with that fourth c, house prices. they're hanging in there. that's been one thing. on the other hand, you have a deceleration going on this quarter, mandy. our best guess is it's going to come in at about 0.8%. first quarter, 0.9%. >> what are you talking about, gdp? >> on gdp. the second quarter, 1.2%. you're seeing a deceleration here. this is basically e quill librium. it's not just the fiscal cliff, mandy, that's causing the market to do this seesaw action. >> we highlighted yesterday how the german and french markets hit 52-week highs yesterday. we're not close to that. we hit our highs in september and haven't looked back. are we being held back by the fiscal cliff? >> just like business people, investors are waiting
FOX
Dec 6, 2012 7:00am PST
their own people. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in at the end of this month. if there's no deal on those, the pentagon was initially told not to plan for the cuts. that's all changed. in the last 24 hours, the pentagon leaders say they are preparing to slice about 10% of the budget. if we go over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets reso
CNBC
Dec 12, 2012 6:00am EST
have won. >>> house speaker john boehner spoke by phone tuesday exchanging new fiscal cliff proposals. the president gave boehner a revised offer on monday and he went down a couple of hundred billion from 1.6 trillion to 1.4 trillion over ten years. in an exclusive interview with barbara walters, of "abc news," president obama says he still expects a deal before the end of the year. >> remain optimistic there are enough people of good will in this country families will be much better off when we get this done. the most important thing is make sure middle class taxes don't go up on january first and i'm pretty sure republicans would not hold middle class tax cuts hostage to protect tax cuts for high income individuals. >> prediction, are you going to be able to raise taxes yes or no? >> taxes will go up one way or another. the key is to make sure taxes go up on high end individuals, like you and me, barbara, we can afford it. >> you can see the rest of that interview on abc's 20/20 this friday. hopefully, you will hear barbara walters come pellingly say will be able to cut spending? d
FOX Business
Dec 11, 2012 1:00pm EST
of going over the fiscal cliff. let's get you updated on the market as we do every 15 minutes, stocks now. let's go to the floor of the new york stock exchange. the market having a good day today. nicole: indeed. we have been over the 13,300 mark but still holding onto stellar games, lori and melissa. so up triple digits up 110 points so really is a nice showing. 28 of the 30 dow components in the green. we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top. talking about their expectations of ben bernanke. nicole: would even throw out the idea of stimulus? that helped things along pushing us along throughout this entire last six months. lori: absolutel
CNBC
Dec 5, 2012 3:00pm EST
for these massive spending cuts that would come at the end of the year if we go over the fiscal cliff. the white house saying they don't expect we will. they still hope it can be prevented, but they have to start planning. also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that vi
CNBC
Dec 12, 2012 4:00am EST
on the rally we saw yesterday. >>> this is today's fiscal cliff update. u.s. budget talks have intensified. president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. which it hasn't done before. in an interview with abc news, the president says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off, american families will be much better off, f we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1, and i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for
CNBC
Dec 7, 2012 9:00am EST
. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he says republicans are not acting in the best interest of the country when it comes to the fiscal cliff and explain exactly why he's saying that on cnbc. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for th
CNBC
Dec 6, 2012 4:00am EST
the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate and conservative republicans are calling on boehner to concede on taxes now while he still has leverage to ask for something in return l
CNBC
Dec 7, 2012 6:00am EST
is expecting 93,000 jobs. >>> there's no deal to resolve the fiscal cliff but there are indications of inside-the-scenes talk. the white house told reporters that lines of communication remain open not sure exactly what that means but a spokesman for house speaker john boehner used a similar phrase. maybe that means call me? i don't know. analysts say there are some suggestions that there's real progress that can be made. >>> a 7.3 magnitude earthquake hit the northeastern coast of japan this morning, the same area as the devastating march 2011 quake. but there was a tsunami warning canceled and reports of injuries or damage even though the quake shook buildings. workers at the fukushima nuclear plant were ordered to higher ground as a precaution. >>> our guest host is dan gilbert, he's chairman and founder of quicken loans and the owners of the nba's cleveland cavaliers and among the topics we're ready to talk about dan, the risk of the looming fiscal cliff and the broader economy. we'll start with this morning's other top stories. dan, welcome, great to have you here. >> great to be here. >
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